The demand for power, driven in part by the rise of generative artificial intelligence,

is set to growl to levels not seen in a generation.

So where will this additional power come from?

We think it's really going to be an all of the above approach because we're coming

off of a time of no power demand growth and now seeing this acceleration from a number of

different areas. And so we think that this is going to be a mix largely of new natural gas-fired power

generation as well as new renewable generation, particularly on the solar

side, coupled with battery stores that we've seen a lot of demand for in recent years.

I'm Allison Nathan and this is Goldman Sachs exchanges. Joining me to discuss the global implications of Genergen AI, data centers, and the

impending boom and power demand are my colleagues in Goldman Sachs research,

Carly Davenport, Alberto Gandalfi, and Brian Singer.

Carly and Brian are joining me in the New York studio

and Alberto is joining us remotely from Milan.

All right, so we're all here, let's jump in.

If generative AI, which we've heard so much about,

becomes a huge part of the technological landscape

as so many people are promising,

what impact will that have on power demand overall?

Brian, why don't you start and Carly I'm sure you want to chime in?

Yeah, I mean we've called this generational growth

with the pun intended because the extent to which we're seeing multiple drivers

of power demand growth, led by data centers,

...